Tagged: mortgages

July 3, 2023 @ 8:32 am By Omar Faridi  |  

LendInvest plc (AIM: LINV), which claims to be the UK’s leading platform for mortgages, has announced a £500 million investment “to fund part of its future mortgage originations for its Buy-to-Let and Residential Mortgage products from Chetwood Financial Limited.” This new funding will “further the… Read More

June 4, 2023 @ 5:29 pm By Omar Faridi  |  

Mortgage entrepreneur, Ying Tan, will reportedly take the position of CEO at Habito (subject to Financial Conduct Authority approval) and aim to become a significant shareholder in the business. This update comes as Habito, the digital mortgage broker and home-buying service, finalizes its most-recent round… Read More

May 30, 2023 @ 11:49 pm By Omar Faridi  |  

LendInvest (AIM: LINV), which claims to be the UK’s leading platform for mortgages, has significantly reduced rates “across its residential mortgage range, as it continues to build the right product catalogue to support Qualified Professionals, Key Workers and customers with complex income streams and credit histories.”… Read More

May 24, 2023 @ 8:53 am By Omar Faridi  |  

Equifax (NYSE: EFX) is continuing its commitment to delivering the industry’s most comprehensive suite of mortgage verification solutions with the launch of Employment Select+, a new offering that “supports lenders and consumers during the critical stages of the loan closing process.” Leveraging the power of… Read More

May 21, 2023 @ 1:10 pm By Omar Faridi  |  

Temenos (SIX: TEMN) launched a fully-Integrated front-to-back, mortgages solution with a smart decision engine powered by Explainable AI, “helping lenders to deliver a personalized digital mortgage experience while reducing their costs and time to close.” The solution “enhances productivity and reduces delinquencies for the lenders… Read More

May 13, 2023 @ 2:41 pm By Omar Faridi  |  

LendInvest PLC (AIM: LINV) has revealed that BNP Paribas SA joined its £300 million financing syndicate with HSBC Holdings PLC and Barclays PLC in order to support the ongoing growth of its short-term mortgages. LendInvest is a London-headquartered  non-bank mortgage lender, and BNP Paribas is… Read More

May 12, 2023 @ 5:17 pm By Omar Faridi  |  

Aspiring homeowners can improve their chances of getting on the housing ladder thanks to Open Banking and “to extra evidence of a borrower’s good financial track record being factored into mortgage checks by a leading lender.” Leeds Building Society has reportedly “become the first UK… Read More

April 30, 2023 @ 10:23 pm By Omar Faridi  |  

LendInvest (AIM: LINV), the UK’s platform for mortgages, announces that Wells Fargo (NYSE: WFC) joins its £200 million financing syndicate with National Australia Bank (NAB) in order “to support the continued growth of its Buy-to-Let proposition.” Wells Fargo reportedly “joins a growing roster of global… Read More

April 19, 2023 @ 6:57 pm By Omar Faridi  |  

The team at Molo Finance says it is pleased to add Multi-Unit Freehold Blocks (MUFB) to their buy-to-let portfolio. As “savvy” landlords, Molo understands investors “continuously look for ways to boost profits, save money and maximise their investment.” That’s why they have “introduced MUFB to… Read More

April 16, 2023 @ 10:27 pm By Omar Faridi  |  

The team at LendInvest plc (AIM: LINV) recently shared its FY 2023 Trading Update. LendInvest, which claims to be one of the UK’s leading platforms for mortgages, announces its trading update “for the year ended 31 March 2023, ahead of its full year results announcement… Read More

April 4, 2023 @ 8:11 am By Omar Faridi  |  

The team at Molo Finance is pleased to launch Rapid remortgage, a new service helping investors “get an offer on their buy-to-let mortgage in just 24 hours.” A typical remortgage process “takes a lengthy time, which is why they’ve streamlined their approval process for customers… Read More

March 31, 2023 @ 10:25 am By JD Alois  |  

LendInvest has launched a new Mortgage Tech Meetup event series to discuss the future of mortgage technology.  The inaugural session will focus on key trends in Mortgage Technology in 2023 and the Future of Lending. The discussion is expected to be centered on the state… Read More

March 21, 2023 @ 8:50 am By Omar Faridi  |  

Bluestone Group, the European financial services business headquartered in the UK, announced that it has agreed terms for the sale of its UK mortgage lending and portfolio servicing operations, Bluestone Mortgages Limited (BML) to Shawbrook Group plc. Under the terms of the transaction, Bluestone’s holding… Read More

March 1, 2023 @ 3:34 pm By Omar Faridi  |  

Equifax (NYSE: EFX) is supporting financially inclusive lending with the availability of expanded U.S. mortgage credit reports. The company is reportedly “the first National Credit Reporting Agency (NCRA) to make certain telecommunications (telco), pay TV and utilities attributes available to the mortgage industry to provide a… Read More

February 27, 2023 @ 4:42 pm By JD Alois  |  

Kiavi, an online mortgage lender, has securitized $209 million in real estate loans, according to a company statement. This is the 12th securitiztion that Kiavi has completed and the second securitization this month. In total, Kiavi reports that  the company’s total issuance in notes now… Read More

January 27, 2023 @ 12:07 pm By Omar Faridi  |  

Better, which claims to be the first fintech lender to achieve $100 bln in funded loans,  unveiled the launch of One Day Mortgage(™), which is described as “a breakthrough innovation in the real estate industry.” For the “first” time ever, Better customers will be able… Read More

January 20, 2023 @ 7:09 am By Omar Faridi  |  

LendInvest (LSE: LINV), which claims to be the UK’s leading asset manager for property finance, announces increased funding from Lloyds Bank now totaling £300 million “to support its entry into the UK’s £1.2 trillion homeowner mortgage market.” LendInvest’s home owner mortgage product, “which beta launched… Read More

January 7, 2023 @ 10:17 am By Omar Faridi  |  

Fintech company Twenty7tec recently announced the acquisition of mortgage affordability platform Broker Sense for an undisclosed amount. Broker Sense, established by Stuart Phillips and Mark Spilsbury, assists mortgage advisers with assessing customer affordability against lender rules, while also ensuring that they recommend the appropriate lender… Read More

December 26, 2022 @ 5:02 pm By Omar Faridi  |  

Flyhomes, creator of the world’s “best” home buying and selling experience, has announced the appointment of Andrea Collins as Chief Marketing Officer and Dan Richards as Executive Vice President of Mortgage. Collins and Richards “bring experience working at premier technology companies, including Microsoft, Hippo, SoFi… Read More

October 31, 2022 @ 10:37 am By Omar Faridi  |  

Molo Finance has partnered with Brilliant Solutions, a distributor of mortgages that sits between mortgage brokers and lenders. This partnership “further underlines Molo’s ambitions to offer fully-digital mortgages on a larger scale and it will provide Brilliant Solutions’ membership of directly authorized (DA) brokers with… Read More